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Austin Energy is the United States' 7th largest public utility, serving more than 500,000 customers and more than one million residents (as of 2019) within a service area of approximately 437 square miles (1,130 km 2), including Austin, Travis County and a small portion of Williamson County.
More than 5,600 Austin Energy customers were without power Thursday night, the second consecutive day that thousands lost power amid record-high temperatures.. By 10 p.m., the outages had been ...
Austin's portion is 50% of two out of three units, according to the Austin Energy website, and LCRA manages the plant. The city currently owes just under $124 million in bond debt related to the ...
Several factors contributed to the power outages in 2021 and 2023.
The Electric Reliability Council of Texas, Inc. (ERCOT) is an American organization that operates Texas's electrical grid, the Texas Interconnection, [3] [4] which supplies power to more than 25 million Texas customers and represents 90 percent of the state's electric load. [5] ERCOT is the first independent system operator (ISO) in the United ...
Nationwide data from the U.S. Energy Information Administration [7] shows that Texas's electric prices did rise above the national average immediately after deregulation from 2003 to 2009, but from 2010 to 2015, prices dropped significantly below the national average price, with a total cost of $0.0863 per kWh in Texas in 2015 vs. $0.1042 ...
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The current developer is Recurrent Energy, LLC, a division of Canadian Solar. CIT Group arranged for financing of $162 million of the $234 million project, which finally broke ground in July 2020. Austin Energy will buy electricity generated by the project under the terms of a 15-year power purchase agreement (PPA). [3] [4]